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US Stock Zeta Network Group Completes $230M Private Placement, Will Accept Bitcoin or SolvBTC Delivery

2025-10-15 19:44

BlockBeats News, October 15th, according to chainwire, Zeta Network Group (Nasdaq code: ZNB) today announced the signing of a securities purchase agreement, raising a total of $230,837,060.2 through a private placement. The issuance includes (1) Class A Common Stock; (2) Warrants (each warrant entitles the holder to subscribe for one share of Class A Common Stock at an exercise price of $2.55 per share), with a combined issuance price of $1.7 per unit for Class A Common Stock and Warrants.


The total amount raised of $230,837,060.2 will be accepted in Bitcoin or SolvBTC. SolvBTC is a wrapped token pegged 1:1 to Bitcoin issued by the Solv Protocol, which serves as an on-chain Bitcoin reserve, providing an institutional-grade mechanism for productive applications of Bitcoin holdings. The private placement is expected to be completed on October 16, 2025, subject to customary closing conditions.

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